Home » News » Sierra Iron amends L1 property option agreement

Sierra Iron amends L1 property option agreement

Apr 28, 2016

Sierra Iron Ore Corp.’s option agreement dated Sept. 3, 2015, and subsequently amended on Oct. 22, 2015, with Emerald Lake Development Corp. for the L1 property (formerly known as the Allen property) has been amended. The amended option agreement will provide Sierra with an option to and the right of first refusal to purchase an additional 45-per-cent undivided interest in the L1 property upon completion of the obligations noted in the March 21, 2016, news release.

The acquisition of the L1 property complements the company’s previous acquisition in the Emo, Ont., area.

The amended option agreement remains subject to TSX Venture Exchange approval.

http://www.sierrairon.com/news.html